We understand how stressful a divorce or other business-related dispute can be. We’re here to give you peace of mind.
The stress of a divorce or business dispute can rock you to your core. It’s a tough situation, even if you knew it was coming. Figuring out what you need to do, who you need to talk to, and what information you need to find can be exhausting. The uncertainty of it all—and the roller coaster of emotions you feel—can be overwhelming.
Going through a divorce can be an extremely stressful time for you and your family and it often involves many complex personal and financial issues. With years of experience in family law, our team of professionals works alongside your attorney to assist with all financial aspects of your case. Our family law services include:
Spousal Maintenance and Child Support
Most family law matters involve some element of financial support and it’s important to ensure that the amount of support is fairly and accurately calculated. We can assist with determining income for support purposes as well as preparing spousal maintenance and child support calculations for settlement or trial. In addition, we can assist with determining the historical marital standard of living for the parties to assist with the preparation of budgets.
Did you have assets before you were married? Did you inherit assets during the marriage? It is common for married people to combine these nonmarital assets with property they acquired during the marriage. We can assist with tracing these assets and determining the nonmarital value of your assets at the time of divorce.
In a typical family law matter, the current market values of the parties’ assets and liabilities must be determined so they can be appropriately divided. We will assist with preparing marital balance sheets with current market values, as well the proposed or negotiated division of assets and liabilities.
When the marital estate owns a business, the value of the business must also be determined in order to fairly divide the estate’s assets and liabilities. Our credentialed business valuation experts will determine the value of the business(es) involved in the matter, assist in reviewing opposing business valuations, and provide expert testimony as needed.
The strength of your case often depends heavily on the strength of your financial information. What’s more, understanding your financial situation is key to knowing when and at what price to settle, or if trial is the better option. This is where we can help.
Our litigation support experts work alongside your attorney to provide an accurate assessment and analysis of your tax and financial positions. If your case is mediated, we attend mediation sessions to advise you and your attorney as positions develop. If your case must be tried, we can provide expert testimony. With years of litigation support experience in the Minneapolis and Mankato areas, we can assist in every phase of your case, including engagement planning and trial strategy. In addition to our family law services, other litigation support services include:
Lost Profits and Economic Damages Analysis
When one party is harmed by another party and the result is lost profits or lost business value, the harmed party may need an economic damages analysis. The purpose of a damages remedy is to restore the plaintiff to the same economic position after the damaging act, as if the damaging act had not occurred. The damages analysis may involve analysis of revenues lost and costs that would have been incurred, or the projection of an expected income stream but for the harm, compared to the actual projected income stream. Our damages experts can assist in all aspects of the matter and provide the damages analysis you’ll need to successfully argue your case.
Whether due to an economic damages claim or a shareholder dispute, when a business is involved in litigation, the value of the business may also need to be determined. Our credentialed business valuation experts will determine the value of the business(es) involved in the matter, assist in reviewing opposing business valuations, and provide expert testimony as needed. Learn more about our business valuation services here.
Fraud can happen when you least expect it. Even a single instance of it can devastate your organization’s bank account, not to mention its reputation. With Certified Fraud Examiners (CFEs) and forensic accounting experts on staff, we provide a broad slate of solutions to meet your unique needs—as well as those of your counsel and stakeholders. From conducting forensic data analyses of books and records to providing expert witness testimony, our seasoned professionals act swiftly and confidentially to help you maintain business as usual. Learn more about our forensic accounting services here.
Know your options
The more you understand your financial situation, the more confidence you’ll have in your decisions. Our Business Valuation and Litigation Support Team is here to give you the insights and peace of mind you need. Contact us today.